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PVI vs MINO

Invesco Floating Rate Municipal Income ETF vs PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

PVI

Invesco Floating Rate Municipal Income ETF

Annual cost

0.25%

Fund size

$31M

MINO

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

Annual cost

0.39%

Fund size

$623M

Key differences

  • PVI costs 0.14% less per year.
  • MINO is significantly larger than PVI — larger funds tend to be more liquid and less likely to close.
  • PVI follows a index tracking strategy; MINO uses active selection.
  • Over the last 3 years, MINO has delivered higher annualized returns.
  • PVI has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PVIMINO
Annual cost (TER)0.25%0.39%
Fund size (AUM)$31M$623M
Since20072021
Dividend yield2.16%3.83%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+2.0%+7.7%
CAGR 3Y+2.6%+5.3%
CAGR 5Y+1.9%N/A
Sharpe 3Y-0.400.38
Volatility 1Y2.62%2.74%
Max drawdown-1.16%-15.24%

Similar to PVI and MINO